Whale's ETH Short Position Loss Widens to $1.77 Million

Whale Faces Expanding Losses on ETH Short Positions

According to HyperInsight's report on January 28, a crypto whale engaged in swing trading is now facing increased losses on their Ethereum short position. The trader used 3x leverage to short 25,000 ETH at an average price of $2,927.33 last week.

Despite initial gains, the position has now turned into a $1.77 million floating loss, and the whale has not yet reduced their exposure.

• Leverage: 3x
• Short amount: 25,000 ETH
• Average entry price: $2,927.33
• Current floating loss: $1.77 million

Analysts noted that while whales often have strong market insights, leveraged positions significantly amplify the risks involved in volatile markets.